SWIFT Creates KYC Registry and Financial Crime Compliance Unit

07/01/2014

SWIFT announces the creation of a Know Your Customer (KYC) Registry for the collection and distribution of standard information required by banks as part of their due diligence process.

CCIL Selected to Issue LEIs in India

07/01/2014

The Reserve Bank of India has selected the Clearing Corporation of India Ltd. (CCIL) to act as a Local Operating Unit (LOU) for issuing globally compatible Legal Entity Identifiers (LEIs) in India.

Securities / Derivatives

Indonesia Transfers Banking Regulatory Duties to OJK

03/01/2014

Bank Indonesia (BI) transfers banking regulatory and supervisory functions to Financial Service Authority (OJK).

MAS Issues Response on Consultation Papers

02/01/2014

The Monetary Authority of Singapore (MAS) has issued their response to the feedback on MAS Notice 637 and Covered Bonds Issuance by Singapore Banks.

RBI Grants Qualified Counterparty Status to CCIL

02/01/2014

The Reserve Bank of India (RBI) has granted Qualified Central Counterparty (QCCP) status to the Clearing Corporation of India (CCIL). […]

US Regulator Authorises SGX for Derivatives Clearing

30/12/2013

The Commodity Futures Trading Commission (CFTC) has approved the Singapore Exchange (SGX) as a Derivatives Clearing Organization (DCO), making it the first of its kind in Asia.

Japan to Implement Regulation on Financial Benchmarks

30/12/2013

The Tokyo Interbank Offered Rate (TIBOR) is likely to be the first benchmark to be regulated following recent study group […]

Securities / Derivatives

CFTC Approves Substituted Compliance for Asian Jurisdictions

27/12/2013

The Commodity Futures Trading Commission (CFTC) has approved substituted compliance for six jurisdictions including Australia, Hong Kong and Japan.

Trends in the Funding and Lending Behaviour of Australian Banks

23/12/2013

This paper describes the Australian banking system, highlighting ways in which it differs from other major banking systems. It draws […]